Five tasks every e-commerce
business should be prepared for
Running an e-commerce business can be a lucrative and rewarding process, but it also is a real undertaking. As Elon Musk once said, “Being an entrepreneur is like eating glass and staring into the abyss of death.” Granted, he is usually sinking billions of dollars of his own money into ventures no one has ever done, but many business owners can relate—there is a lot of risk and anxiety in the entrepreneurial process. But risk is associated with great reward, and for good reason. If not taking risks got you places, then “Sitting in a Room” would be the next self-help best seller.
At AMZ Accountant we not only know the trials and tribulations of entrepreneurship through years of running successful e-commerce businesses, but we have turned it into a science that we want to share. In the meantime, here are five areas that every small e-commerce business needs to be prepared for:
E-Commerce
Accounting
Tax
Preparation
Navigating the
Sales Tax Nexus
When operating in different states, different products require different taxes added to them and paid back to the state, at times under special filing categories—like alcohol. This is what many refer to as the (insert curse) Sales Tax Nexus. It can be a daunting and frustrating part of bookkeeping and taxes that can lead to painful audits and nightmares of litigation. We luckily have experienced and trained CPAs navigate that tangled mess for our clients. We even offer ongoing research on laws and products for tax saving and compliance.
Analytic Decision
Making
When it comes to business there are a number of decisions where it pays to have a second opinion and the best path is hidden in the numbers. Though we’ve been through it all with our own e-commerce businesses, we specialize in taking your finances and bottom line and helping you plan your business and day to day operations for the best business structure, budgeting, and forecasting. That way you are informed, advised, and ready to take your business into new markets, hunker down during a downturn, and thrive throughout all of it.
Global Reach
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Benefits of Virtual CFO Services
Whether it’s making a product or providing a service, you’re an expert when it comes to your business. However, you’re probably not an expert at reading financial statements. A virtual CFO that is part of an outsourced accounting firm can help take on many management tasks that are typically time consuming for busy business owners and founders. A bookkeeper usually can’t.
When you hire a part-time virtual CFO, you pay only for the services your business requires. Amz Accountant is happy to talk to you about your business needs. To get started, schedule a complimentary strategy session.
Benefits of Virtual CFO Services
Whether it’s making a product or providing a service, you’re an expert when it comes to your business. However, you’re probably not an expert at reading financial statements. A virtual CFO that is part of an outsourced accounting firm can help take on many management tasks that are typically time consuming for busy business owners and founders. A bookkeeper usually can’t.
When you hire a part-time virtual CFO, you pay only for the services your business requires. Amz Accountant is happy to talk to you about your business needs. To get started, schedule a complimentary strategy session.
Benefits of Virtual CFO Services
Whether it’s making a product or providing a service, you’re an expert when it comes to your business. However, you’re probably not an expert at reading financial statements. A virtual CFO that is part of an outsourced accounting firm can help take on many management tasks that are typically time consuming for busy business owners and founders. A bookkeeper usually can’t.
When you hire a part-time virtual CFO, you pay only for the services your business requires. Amz Accountant is happy to talk to you about your business needs. To get started, schedule a complimentary strategy session.